Articles Tagged "africa"

Execs Weigh in on Macquarie’s Potash Price Outlook

Potash – Macquarie Group expects no upside for potash prices in the next four years. Specifically, it sees prices dropping to an average of $270 per tonne in the last quarter of this year, down from the current price of $305, and suggests that prices will average $250 by 2018.

Work Halted at Burkina Faso-based Manganese Mine

Manganese – Pan African Minerals, a subsidiary of Timis Mining, was told that it must halt production at Tambao, one of the largest manganese deposits in the world. The project, which is estimated to cost up to $1 billion, gained approval in May 2014, but now must wait until further notice to move forward.

Nevsun Reports Huge Increase in Resources at Eritrea Mine

Copper – On Tuesday, Nevsun Resources updated the mineral resource estimates for its Bisha and Harena deposits, both of which are located at its Bisha mine in Eritrea. Though the company's mineral reserve estimates for the deposits are still forthcoming, the resources at Harena saw substantial increases, while resources at Bisha grew as well.